Manoj Jewellers Limited has postponed its board meeting originally scheduled for July 1, 2026, to finalize the terms for a proposed rights issue of equity shares worth up to ₹1,800 lakhs. The meeting was deferred because the in-principle approval from the stock exchange is still under process. The company intends to reschedule the meeting within the next working day following the receipt of the necessary approval letter from the exchange.

The board had initially approved the fund-raising initiative on June 24, 2026, to strengthen the company's capital base. The proposed rights issue involves equity shares with a face value of ₹10 each. Key parameters such as the issue price, entitlement ratio, record date, and payment mechanism remain pending determination until the rescheduled meeting takes place.

Regulatory Compliance

The rights issue will be conducted in accordance with the Companies Act, 2013, and the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018. The company has informed BSE Limited regarding the postponement under Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Manoj Jewellers announced the resignation of its Chief Financial Officer, Mr. Mayank Girishbhai Garach, effective June 4, 2026. The resignation, attributed to health concerns, was accepted by the company, and Mr. Garach was relieved from his duties at the close of office hours on the same day. This change impacts the company's financial leadership structure immediately.

The disclosure was made to the BSE SME Platform in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company cited a specific SEBI Circular dated January 30, 2026, regarding the disclosure requirements for such senior management changes. The Managing Director, Mr. Manoj Kumar, signed the regulatory filing.

Mr. Garach formally submitted his resignation letter citing the need to attend to his father's ongoing medical issues. He stated that the requirement for personal attention and support towards his father's care made it impossible to continue discharging his professional responsibilities with the necessary commitment. He expressed gratitude to the Board and management for the opportunities provided during his tenure.

The company confirmed that Mr. Garach will extend his full cooperation to ensure a smooth handover of his duties and responsibilities. The resignation is effective immediately, and all necessary formalities related to his relieving are being processed.